China looks to rice cookers to pep up economy | Inquirer Business

China looks to rice cookers to pep up economy

/ 07:48 PM April 20, 2016

 In this March 25, 2010, file photo, Chinese customers look at rice cookers displayed under a banner written in Chinese and Korean: "Welcome, Duty Free counter" at Yodobashi Camera in Tokyo's Akihabara electronics district. The Chinese government's latest plan to transform itself into a consumer driven economy encourages the production of better consumer appliances, reducing reliance on foreign made goods. (AP Photo/Koji Sasahara, File)

In this March 25, 2010, file photo, Chinese customers look at rice cookers displayed under a banner written in Chinese and Korean: “Welcome, Duty Free counter” at Yodobashi Camera in Tokyo’s Akihabara electronics district. AP

BEIJING — The Chinese government’s latest plan to perk up its slowing economy is based on the humble rice cooker and luxury toilet seats.

The development plan issued this week strikes a blow for China’s consumers, calling for better products to help create an economy driven by domestic consumption instead of trade and investment.

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The Cabinet document lays out an unusually detailed wish list: better electric rice cookers, kitchen appliances, “smart toilet seats” and smartphones.

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China makes most of the world’s consumer electronics, furniture and toys but domestic brands available at the prices its poor majority can afford are of uneven quality. The country has been plagued by repeated scandals over shoddy or fake food, medicine and other goods.

The latest plan says its goals are part the ruling Communist Party’s campaign to make the state-dominated economy more productive by shrinking bloated companies in steel and other industries.

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Until now, official development plans have ignored deficiencies in products for the local market, treating the Chinese public as a source of labor rather than the rightful beneficiaries of economic growth.

The party is trying to shore up growth that decelerated to a seven-year low of 6.7 percent in the latest quarter. Forecasters see signs economic activity is improving but say overall growth could fall further this year.

The week’s announcement is a departure from the Chinese leadership’s usual development exhortations about farming, heavy industry and technology.

The prominent mention of “smart toilet seats” reflects the rising importance of Chinese consumers and a house-proud public that is spending heavily to make drab homes more pleasant and comfortable.

A sales girl past by rice cookers mostly imported from Japan on display at a shopping mall in Beijing, China, Wednesday, April 20, 2016. The Chinese government's latest plan to perk up its slowing economy is based on the humble rice cooker and luxury toilet seats. (AP Photo/Ng Han Guan)

A sales girl past by rice cookers mostly imported from Japan on display at a shopping mall in Beijing, China, Wednesday, April 20, 2016. AP

Until now, state media have ridiculed toilet seats equipped with heaters, water jets and other features as a frivolous fad imported from Japan.

But Chinese tourists have taken advantage of a weaker Japanese yen to embark on shopping sprees in Tokyo, where stores have refashioned their displays to attract them, hiring Chinese-speaking staff and expanding duty free services for tourists.

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The latest plan calls for better goods ranging from air purifiers and toys to paint and children’s clothing. TVJ

TAGS: Chinese, Chinese economy, Communist party, Domestic Consumption

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